TLS

Possible Share Buyback for Telstra


Telstra (ASX:TLS) could have a share buyback next year if it gets the cash from its deal with the government. Under the agreement, the telco expects to get about $11 billion total—in current dollars and after tax is deducted—in disconnection payments, funding for universal services and for leasing infrastructure to NBN Co.

Chief financial officer John Stanhope said the company can give out ordinary dividends but not the special dividends possible with the payout from the NBN Co deal.

Telstra Campaigns for 'Yes' on the Road


Telstra's (ASX:TLS) top management takes to the roads today in a nationwide campaign urging shareholders to give their nod to the company's deal with the National Broadband Network.

On a one-week tour, Telstra chief executive David Thodey, chief financial officer John Stanhope and chief customer officer Gordon Ballantyne will meet shareholders in ten cities, starting in Hobart and Canberra.

Telstra Guns for NBN Deal Approval


Telstra (ASX:TLS) is starting to gun for shareholder approval of its deal with NBN Co at the telco's annual meeting next month, despite reservations by the competition regulator.

An independent expert report released by Telstra recommends that shareholders approve the NBN Co deal to avoid a potential $4.7 billion loss and add another $1 billion in costs. Cooperating with NBN Co on its fibre rollout would make Telstra gain around $5 billion than if it chose the competition route.

Stock Market events Next Monday


There are no schedule floats and only one extraordinary general meeting, but there are six stocks that will go on ex-dividend August 22, 2011.

Dividends

Greencross Limited (GXL) provides veterinary services through 54 acquired and integrated practices in Australia.

New Subscribers Boost Telstra Revenue


Telstra (ASX:TLS) is expecting moderate revenue increase next year and chief David Thodey is confident the mobile and internet spending will boost guidance.

Despite a 6.4 percent drop in earnings, Telstra yesterday posted full years results that exceeded analysts expectations and pleased investors.

Profit Reporting Season


Telstra

Telstra (ASX:TLS) annual profit fell 17 percent with net profit at $3.231 billion for the year to June 30, down from $3.883 billion last period. Revenue added 0.7 percent to $25.09 billion while earnings were down 6.4 percent to $10.15 billion from $10.85 billion last year. The company declared a fully-franked final dividend of 14 cents, with full year payout at 28 cents.

Webjet

Telstra Sends 300 Jobs Overseas


Telstra's (ASX:TLS) cost-saving measures will send 300 jobs to India under its Project New efficiency program.

IT services suppliers from India would take over the tasks of more than 100 agency providers and about 160 of Telstra's own staff. Mainly administrative jobs in Melbourne, Sydney, Perth, Adelaide and Brisbane are going to be outsourced.

Telstra Steps Up for NBN Deal


Telstra (ASX:TLS) will have a series of structural changes as part of the company's business plan before it migrates into National Broadband Network. The company will focus on digital services and technological improvements, forming an applications and ventures group to focus in the new high-speed broadband Technology.

Cabinet to Look at Telstra-NBN Deal


The federal cabinet is meeting today to consider the $11 billion Telstra (ASX:TLS)-National Broadband Network deal, which could seal the landmark agreement within days.

The protracted deal was first announced one year ago, which saw Telstra shares rise to 6 percent or 22 cents to $3.44. Labor called the the announcement a major victory in getting homes wired to fibre.

Telstra Invests in Cloud Computing


Telstra (ASX:TLS) has announced a plan to take a big chunk of the growing cloud computing market. The telco is reportedly spending 800 million to cement its role as a major data storage provider in the country.

Chief executive David Thodey wants the house to generate 25 to 30 percent of the company's overall revenue in the next three to five years in an ambitious target plan. The cash out will mean a 40 percent rise in Telstra's data capacity.

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